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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
May 24, 2004
Page
16
Inheritors face a decision on managing investments. A professional money manager can handle assets per your guidelines and make key decisions. Alternatives include going solo with full control but requires time for research and planning.
Questions cover credentials investments performance minimum portfolio size and compensation. It advises using brokers planners and money managers with fee based models to avoid churn and manage emotions, then outlines steps and references to hire a manager.
Consult NASD CFAs AIMR and CFP boards for credentials and checks. Interview several managers and review any complaints with the state department or SEC. Require an investment policy statement, annual or semiannual reviews, a written fee schedule, and limited power of attorney to trade only. Fort lease May 24 2004.
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